Memority - Decentralized Ultra Secure Data Storage

Memority is a blockchain-based platform for a completely decentralized, ultra-secure storage of valuable data, which ensures the continued availability of several encrypted copies of data on independent storages around the world. Unlike other data storage platforms, Memority encrypts the user’s data with a private key and is protected from accidental deletion. By using unique identifiers the data is protected from forgery and because it is completely decentralized, only the user acts as Administrator. Perhaps one of the most distinguishable features of the ICO/Platform is that each user, by becoming a token holder stands to profit daily from each user who pays storage fees. This wealth distribution model also allows for hosters, developers and investors to profit from the business model.

How Memority Blockchain Data Storage Platform Works

Memority is developing a decentralized platform that will allow users to store their data on a blockchain. For users, Memority will resemble a familiar cloud storage service, but the platform offers unique differences: its use of a blockchain guarantees that all data is permanently stored, since it could not be lost with the failure of any central server, and its use of strong encryption ensures that even the platform's developers can never access what users save.

Memority's users will need to pay for the service with the platform's internal cryptocurrency, the MMR token. However, users who host an entire copy of the blockchain on their computer (a “full node”) will be able to use the service for free.

Memority is also releasing an API, which can be used to create third-party programs that access the service. The company encourages developers to use the service for as wide a variety of applications as possible, and promises rewards each byte of data they draw to the platform.

The platform is still very in its progress: the open alpha version was released in April 2018, and a beta version is planned for a release in July. The full version won't be released until early 2019.

Memority MMR Token ICO Details

The MMR token is being offered for sale between May 16th and October 1st, 2018. The official ICO begins on May 31st, with a pre-sale running through May, though it appears that the pre-sale is entirely open to the public. A total of 1,500,000,000 MMR tokens have been created prior to the ICO, though only 57% of these are available to the public.

During the ICO, the base cost of tokens is $0.10 USD each, though it appears that a discount is available throughout the entire public sale; during the pre-ICO, buyers receive a 20% discount, and then the ICO is divided into three phases with 15%, 10%, and 5% reductions which last until its final day. Tokens can be bought using Ethereum, Bitcoin, Litecoin, and several fiat currencies.

The ICO does not appear to require any know-your-customer verification, which could put the company in a perilous position as certain jurisdictions become increasingly strict with cryptocurrency investing.

The Amazing Team

The team at Memority have years of experience in business, blockchain and software development. Their expertise ranges widely from marketing & finance to Java & blockchain development. Memority is led by the CEO Ilya Ratovsky, who after spending many years in the payment processing sector decided to make this full-time as the idea quickly caught steam with investors and consumers alike. During a recent press conference, Mr. Ratovsky was quoted as saying:

Memority’s mission is to create a self-sufficient ecosystem that includes a variety of applications to meet the needs of businesses, government organizations and individuals in super-secure storage of all types of valuable data. It has become clear that investors are happy with our product and the ICO will propel us into another realm of success!